Posted on 10/29/2014 9:01:24 AM PDT by SeekAndFind
“Their goal (other than getting the cash) is to make us go cashless and 100% traceable sales.”
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No person shall be … deprived of life, liberty, or property, without due process of law.
The argument is that because there was a law that was passed via congress that satisfies due process of law
.
(I wish I was kidding.)
And it gets better. The IRS now has your medical records.
These forfeitures are more widespread than reported.
The Founders are spinning in their graves wondering why we haven’t used the Second amendment yet...
5.56mm
This isn’t a Democrat/Republican issue, but a statist/libertarian issue.
(And besides, has the Republican party REALLY done anything to stop IRS corruption?)
I think they'd understand:
accordingly all experience hath shewn, that mankind are more disposed to suffer, while evils are sufferable, than to right themselves by abolishing the forms to which they are accustomed.I do think they'd be furious for us by having such a high bar of
sufferable.
maybe a statist/liberty issue
Repeal the 16th amendment, end the income tax and dismantle the IRS. It’s past time to end this totally corrupt government entity and its intrusion on our freedoms.
Uh, that form is for cash RECEIVED ...
Right you are. The depositor doesn't report anything, the Bank has to report cash deposits of $10,000 or more on FinCEN form 112.
Which begs the question, how does the IRS know that a small business is depositing multiple smaller cash deposits if the bank doesn't report it?
I have been a bookkeeper for small businesses since late 1979. I have dome work for landscape materials company, Maytag dealer, engine builder, bakery owner, and a wide variety of other small businesses.
They put you thru hoops for making a deposit of OVER $10,000 and now they seize your bank account for making deposits of under $10,000.
This is just plain nuts.
More & more people are shopping with cash for a variety of reasons. Many are trying to carve down their credit card balances. Some are trying to control their spending in general by only using cash. Particularly senior citizens.
Seizing such monies can only lead to more unemployment, as small businesses have to shut down & lay off their people. The current ‘unemployment’ stats are grossly understated as it is. None of those numbers make any sense when one looks around their own communities.
The IRS is just plain OUT OF CONTROL. We need a Republican Congress to put a stop to this crap.
Wonder if ebola sticks to paper money?”””
Already occurred to me.
Don’t trust one single word coming from this administration about Ebola.
I have been a self-employed bookkeeper for more than 34 years. I set up books for small businesses that are easy to show how each month’s/week’s/ or day’s business was recorded & how the deposits were created.
If a person has a decent bookkeeping system, they should be able to sue the IRS & get them set straight.
I know the IRS takes it’s sweet time responding, but a local reporter can make things happen more quickly.
The bank does report it if it looks like “structuring”. A business can avoid the reporting by filing a form stating intention of multiple deposits.
As a bookkeeper you should advise the business to file with the bank intent of multiple deposits.
Banks and financial institutions are required to be on the lookout for evidence of structuring, among other things, or face huge fines themselves.
I am sure it does..
as well as drugs, poop and other things you don’t want to touch.
while true, the IRS wants every transaction trackable.
a cheap drug runner.
hard to sue the IRS when the IRS has all your money.
What makes you think a Republican congress would address the issue?
Have they addressed any of the following:
Well, according to the fine article: In the Institute for Justice video Hinder claims that she had made deposits at her bank for over 30 years and was never alerted that she would get in trouble if she placed deposits of less than $10,000.
If someone has been using the same bank for over 30 years, then the bank knows exactly what is happening with the account. So either someone at the bank wanted to get even with the business owner, or else this is yet another facet of Operation Choke Point and the Justice Department is leaning on banks to cough up these sort of transactions.
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